Tencent Holdings Ltd Stock News

Employees were told to disband chat groups over security concerns, as Beijings scrutiny into Tencent grows

Managers at at least nine state-run companies told employees that chat groups set up for work purposes on Weixin could contain sensitive information and should be shut down.

J&T Express, an indonesian logistics startup recently raised $2.5 billion from major investor including Boyu Capital, Hillhouse Capital, Sequoia Capital and Tencent Holdings and SIG China. The new proceeds puts J&T Expresss valuation at $20 billion, according to a Sina report. The new financing comes just ahead of the companys HK IPO plan. Previously, the company planned to go public in the U.S. However, J&T Express adjusted its plans earlier this year and intends to go public in Hong Kong instead. Founded in 2015, J&T is the brainchild of Jet Lee, OPPO Indonesias Ex-CEO and Tony Chen, founder of OPPO International. The company focused on logistics and package delivery in Indonesia at first, then expanded to Malaysia and Vietnam in 2017, the Philippines and Thailand in 2018, Singapore and Cambodia in 2019, and China in 2020, according to the companys website. The company''s daily order volume in China has reached 22-25 million, according to a Late Post report. J&T Express was able to expand rapidly in China, due to its collaboration with Pinduoduo, an online shopping app featuring low-cost products with 700 million MAU; as well as its competitive pricing.

BEIJING, Gaming and messaging giant Tencent has been told all its new apps and updates must be approved by the government, state media reported, as Beijing continues its domestic tech sector crackdown. The Chinese government has moved to exert more authority over the industry in the past year, citing concerns that tech giants in the [] The post Chinas Tencent told to get state approval for new apps: state media appeared first on BOL News .

Chinese media firm 36kr Holdings gave away 1,124 metaverse-themed digital collectibles at a conference in Shenzhen on Wednesday, in the latest sign of growing interest in digital assets in China despite Beijing’s wariness of non-fungible tokens (NFT) and the metaverse.The limited-quantity digital collectibles, issued jointly with Chinese social media and gaming giant Tencent Holdings, were “gifted” to the conference attendees.However, the “extremely valuable collectibles” cannot be sold or…

The Hang Seng index rose 0.2%, to 24,740.16, while the China Enterprises Index gained 0.2%, to 8,809.72 points. ** Alibaba Group rebounded 2.7% after falling for six straight sessions on disappointing earnings, while Tencent Holdings gained 1.2%.

Global cloud gaming leader Antstream Arcade has announced that it has successfully closed an external financing round of $3.5million led by the Atari Group. This latest funding brings Antstream Arcades total investment received to over $20million. With investors including Chinese gaming and social giant Tencent and London-based venture firm Hambro Perks this funding comes at []

Tencent Cloud highlights commitment to global digitalization in newly launched data center covering Brazil and other Latin American countries HONG KONG , Nov. 25, 2021 /PRNewswire/ -- Driving its momentum of providing high-standard, highly reliable and highly stable cloud services all over the world, Tencent Cloud – the cloud business of Tencent , today announced the launch of its first Internet Data Center (IDC) in São Paulo, Brazil . The addition of the new data center to Tencent Cloud''s globe-spanning network across 27 regions and 68 availability zones marks its official entry to the Latin American market and highlights the company''s commitment to worldwide digitalization. The opening of Tencent Cloud''s first Internet Data Center in Brazil aims to meet the growing digitalization demand in the country and across Latin America . Additionally, Tencent Cloud''s entry into Brazil will support the growth of Brazilian and other Latin America -based businesses into the Chinese and APAC markets through seamless data integration with their mainstay operations in Brazil and other markets in Latin America .

According to three sources, J&T Express, an Indonesian courier company, has received $2.5 billion in its latest round of financing, and is now valued at about $20 billion. The post J&T Express Refinances $2.5 Billion Ahead of Hong Kong IPO, Tencent Participates in Investment appeared first on Pandaily .

Gaming and messaging giant Tencent has been told all its new apps and updates must be approved by the government, state media reported, as Beijing continues its domestic tech sector crackdown.

The Cyberspace Administration of China (CAC) said it will launch a negative list , aims at preventing celebrity-related content from promoting distorted values and creating a clean and healthy internet space. In an announcement issued on Tuesday, the internet regulator pointed out that unhealthy phenomena such as abnormal aesthetics, spreading scandals, and irrational idol worship, have brought impacted on mainstream values. To properly oversee celebrity-related content, the department will propose 15 specific measures, including management on content and celebrities'' social media accounts. It said it would create a negative list that will target influencers and celebrities who promote bad values, such as flaunting their wealth, spreading scandals, and enticing fans to spend money for them. Following the announcement, Douyin, the sister app of TikTok, said it would further standardize the management of celebrity-related content, enhance public opinion monitoring and response mechanisms, and establish a long-term governance structure for the sector.

China Regulators Halt New Tencent Apps, Updates For Data Privacy Review Tencent Holdings Ltd. shares in Hong Kong slid on Wednesday after Chinese regulators ordered the internet services giant based in Shenzhen to halt updating and publishing new apps. The regulator wanted to review existing apps to make sure they complied with new privacy laws. Tencent shares slid 2% to 472.20 HKD. Shares are down 38% from the January high of 766.50 HKD. Shares have been dropping all year as Beijing ramped up regulatory crackdowns on big-tech . According to Bloomberg , the Ministry of Industry and Information Technology (MIIT) ordered Tencent to suspend updates of existing apps, but they can still be downloaded in app stores. The MIIT has ordered that all new apps and updates from Nov. 24 until the end of the year will need to undergo a review by the regulator before they are made available, state broadcaster CCTV reported without saying where it obtained the information. The reviews are expected to take about seven days. - Bloomberg Tencent, which owns WeChat and QQ messaging services, released a statement that said it was working to improve user protection features within its apps.

China's Ministry of Industry and Information must review any new apps and updates by Tencent before they can be launched.

The metaverse craze continues without any sign of slowing down. Since Facebook changed its name to Meta in October, at least 3,700 companies have jumped on the metaverse bandwagon with Invidia, Tencent, Bytedance, and Alibaba leading the way. There are also […] The post Singapore-based DigiNation raises $2.4M to let you explore the vast metaverse; plans to launch a Squid Game-like contest starring CryptoPunks appeared first on Tech News | Startups News .